Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v2.4.1.9
Consolidated Balance Sheets (USD $)
Dec. 31, 2014
Dec. 31, 2013
CURRENT ASSETS:    
Cash and cash equivalents $ 17,662,000us-gaap_CashAndCashEquivalentsAtCarryingValue $ 18,938,000us-gaap_CashAndCashEquivalentsAtCarryingValue
Marketable securities, available for sale 1,079,000us-gaap_MarketableSecuritiesCurrent 530,000us-gaap_MarketableSecuritiesCurrent
Royalty receivables 1,249,000us-gaap_AccountsReceivableNetCurrent 814,000us-gaap_AccountsReceivableNetCurrent
Other current assets 242,000us-gaap_OtherAssetsCurrent 276,000us-gaap_OtherAssetsCurrent
Total Current Assets 20,232,000us-gaap_AssetsCurrent 20,558,000us-gaap_AssetsCurrent
OTHER ASSETS:    
Deferred tax assets 4,743,000us-gaap_DeferredTaxAssetsNetNoncurrent 5,659,000us-gaap_DeferredTaxAssetsNetNoncurrent
Patent, net of accumulated amortization 3,582,000us-gaap_FiniteLivedPatentsGross 5,136,000us-gaap_FiniteLivedPatentsGross
Other investments, at cost 576,000us-gaap_OtherInvestments 196,000us-gaap_OtherInvestments
Security deposits 19,000us-gaap_SecurityDeposit 19,000us-gaap_SecurityDeposit
Total Other Assets 8,920,000us-gaap_OtherAssets 11,010,000us-gaap_OtherAssets
TOTAL ASSETS 29,152,000us-gaap_Assets 31,568,000us-gaap_Assets
CURRENT LIABILITIES:    
Accounts payable 338,000us-gaap_AccountsPayableCurrent 136,000us-gaap_AccountsPayableCurrent
Accrued expenses 1,873,000us-gaap_AccruedLiabilitiesCurrent 628,000us-gaap_AccruedLiabilitiesCurrent
TOTAL LIABILITIES 2,211,000us-gaap_Liabilities 764,000us-gaap_Liabilities
STOCKHOLDERS' EQUITY    
Preferred stock, $0.01 per value; authorized 10,000,000 shares; none issued and outstanding at December 31, 2014 and December 31, 2013      
Common stock, $0.01 par value; authorized 50,000,000 shares; 24,274,336 and 25,854,548 issued and outstanding at December 31, 2014 and December 31, 2013 respectively 243,000us-gaap_CommonStockValue 259,000us-gaap_CommonStockValue
Additional paid-in capital 60,977,000us-gaap_AdditionalPaidInCapitalCommonStock 61,129,000us-gaap_AdditionalPaidInCapitalCommonStock
Accumulated deficit (34,262,000)us-gaap_RetainedEarningsAccumulatedDeficit (30,553,000)us-gaap_RetainedEarningsAccumulatedDeficit
Accumulated other comprehensive loss (17,000)us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax (31,000)us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax
TOTAL STOCKHOLDERS' EQUITY 26,941,000us-gaap_StockholdersEquity 30,804,000us-gaap_StockholdersEquity
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 29,152,000us-gaap_LiabilitiesAndStockholdersEquity $ 31,568,000us-gaap_LiabilitiesAndStockholdersEquity